
Sensex, Nifty rebound in early trade on firm global cues, foreign fund inflows
The Hindu
Mkt recovers on global cues, softening crude; Sensex up 193 pts.
The benchmark equity indices climbed in early trade on October 25 after facing a heavy drubbing in previous trade, amid positive trends in global markets and foreign fund inflows.
Softening crude oil prices also helped the market recover.
The 30-share BSE Sensex climbed 193.64 points to 64,765.52 in early trade. The Nifty advanced 54.55 points to 19,336.30.
Among the Sensex firms, JSW Steel, Tata Steel, HCL Technologies, Kotak Mahindra Bank, State Bank of India and Axis Bank were the major gainers.
Infosys, NTPC, Hindustan Unilever and Titan were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong traded in positive territory, while Seoul quoted lower.
The U.S. markets ended in the green on October 23.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










